LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$410M |
| 2 |
iShares Treasury Floating Rate Bond ETF
TFLO
|
+$316M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$271M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$225M |
| 5 |
FT Vest Fund of Buffer ETFs
BUFR
|
+$183M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares US Treasury Bond ETF
GOVT
|
+$279M |
| 2 |
iShares US Technology ETF
IYW
|
+$142M |
| 3 |
iShares ESG Aware MSCI USA ETF
ESGU
|
+$139M |
| 4 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$116M |
| 5 |
iShares MSCI EAFE Growth ETF
EFG
|
+$91.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.5% |
| 2 | Financials | 3.09% |
| 3 | Healthcare | 2.96% |
| 4 | Consumer Discretionary | 2.59% |
| 5 | Industrials | 2.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Trade Desk
TTD
$8.59B
| $42.6M | 0.03% |
545,411
+36,334
| +7% | +$2.94M |
|
502
Invesco Large Cap Value ETF
PWV
$1.68B
| $42.5M | 0.03% |
909,072
-101,877
| -10% | -$4.86M |
|
503
United Rentals
URI
$66.5B
| $42.4M | 0.03% |
95,444
+10,514
| +12% | +$4.81M |
|
504
Broadridge
BR
$17.9B
| $42.4M | 0.03% |
236,751
+8,490
| +4% | +$1.5M |
|
505
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $42.3M | 0.03% |
579,867
-74,213
| -11% | -$5.93M |
|
506
Global X Robotics & Artificial Intelligence ETF
BOTZ
$3.25B
| $42.2M | 0.03% |
1,707,730
+358,039
| +27% | +$9.66M |
|
507
Colgate-Palmolive
CL
$73.3B
| $42.2M | 0.03% |
593,391
-4,899
| -0.8% | -$366K |
|
508
JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
BBHY
$616M
| $42.2M | 0.03% |
960,672
+603,889
| +169% | +$26.8M |
|
509
Hershey
HSY
$35.9B
| $42M | 0.03% |
209,986
+12,310
| +6% | +$2.76M |
|
510
Invesco Equal Weight 0-30 Year Treasury ETF
GOVI
$1.22B
| $41.7M | 0.03% |
1,554,362
+377,050
| +32% | +$10.6M |
|
|
IBDO
511
DELISTED
iShares iBonds Dec 2023 Term Corporate ETF
IBDO
| $41.5M | 0.03% |
1,637,013
-339,985
| -17% | -$8.6M |
|
512
Nuveen ESG Large-Cap Growth ETF
NULG
$2.67B
| $41.4M | 0.03% |
689,703
+34,317
| +5% | +$2.15M |
|
513
Invesco International Dividend Achievers ETF
PID
$934M
| $41.3M | 0.03% |
2,474,245
-160,889
| -6% | -$2.85M |
|
514
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.23B
| $41.3M | 0.03% |
1,863,225
-133,068
| -7% | -$3.08M |
|
515
WisdomTree Japan Hedged Equity Fund
DXJ
$7.13B
| $41.2M | 0.03% |
467,166
+157,532
| +51% | +$13.4M |
|
516
Invesco BulletShares 2026 Corporate Bond ETF
BSCQ
$3.66B
| $41.1M | 0.03% |
2,189,093
+308,843
| +16% | +$5.84M |
|
517
W.P. Carey
WPC
$16.9B
| $41.1M | 0.03% |
775,284
-12,726
| -2% | -$815K |
|
518
First Trust Institutional Preferred Securities and Income ETF
FPEI
$1.93B
| $40.9M | 0.03% |
2,424,917
+322,097
| +15% | +$5.5M |
|
519
Invesco Large Cap Growth ETF
PWB
$2.27B
| $40.9M | 0.03% |
603,030
+30,786
| +5% | +$2.17M |
|
520
Shell
SHEL
$250B
| $40.8M | 0.03% |
633,287
+62,792
| +11% | +$3.91M |
|
521
Sherwin-Williams
SHW
$83.7B
| $40.7M | 0.03% |
159,546
+28,370
| +22% | +$7.59M |
|
522
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.56B
| $40.5M | 0.03% |
1,345,253
+11,379
| +0.9% | +$344K |
|
523
Distillate US Fundamental Stability & Value ETF
DSTL
$1.98B
| $40.3M | 0.03% |
903,550
+216,029
| +31% | +$9.92M |
|
524
Vanguard Russell 2000 ETF
VTWO
$17.4B
| $40.3M | 0.03% |
564,355
-728
| -0.1% | -$55.2K |
|
525
Vanguard Long-Term Treasury ETF
VGLT
$10.1B
| $40.2M | 0.03% |
724,084
+170,342
| +31% | +$10.2M |
|
Similar funds
LPL Financial's Q3 2023 Portfolio in Review
As of Q3 2023, LPL Financial held 4,862 positions worth $143B, up 2.1% from $140B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $8.26B of net new capital in Q3 2023, opening 280 new positions and adding to 2,842 existing holdings. Its largest new stake was Toews Agility Shares Managed Risk ETF: 749,841 shares worth $20.9M.
By sector, the portfolio is most concentrated in Technology at 6.5% of assets, down from 6.6% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares US Treasury Bond ETF, an estimated $279M trimmed.
- LPL Financial's largest Q3 2023 buy was Toews Agility Shares Managed Risk ETF: 749,841 shares worth $20.9M.
- LPL Financial added most to iShares Core S&P 500 ETF in Q3 2023, an estimated $410M increase.
- LPL Financial's biggest Q3 2023 reduction was iShares US Treasury Bond ETF, cutting an estimated $279M.
- LPL Financial fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $23.3M.
- LPL Financial's ten largest holdings make up 18% of its $143B portfolio in Q3 2023.
- LPL Financial opened 280 new positions and closed 178 in Q3 2023.
- LPL Financial's portfolio value rose 2.1% quarter-over-quarter to $143B.
Based on LPL Financial's 13F filing for Q3 2023, filed 13 Nov 2023.